United Kingdom

Tarmo Virki

Nokia's surprise profit rise fails to salvage 2019 dividend

06 Feb 2020

HELSINKI Cost cuts provided an unexpected boost to Nokia's fourth-quarter underlying profit on Thursday, driving its share price to a four-month high, although the Finnish telecom company said it was not ready to propose a dividend.

Finland's Outokumpu shares up 12% on prospect of unit sale

05 Feb 2020

Shares in Finnish stainless steel producer Outokumpu rose 12% on Wednesday after the company said it would start a review of future options for its loss-making Long Products business unit, including possible consolidation.

Estonia's Bolt gets $56 mln European funding

16 Jan 2020

TALLINN, Jan 16 The European Investment Bank (EIB) will offer 50 million euros ($56 million) in debt financing for Estonian ride-sharing service Bolt, aiming to boost development of the platform in its battle against bigger global rival Uber.

Finland seeks to teach 1% of all Europeans basics on AI

03 Jan 2020

(This December 10 story corrects the target number of students.)

Finland expects slow growth for years to come

18 Dec 2019

Finland's Finance Ministry stuck to its 1.0% growth forecast for 2020 and said the economy would expand just 1.1% in 2021 and 1.2% in 2022, held back by an indifferent international outlook.

Finland picks world's youngest PM to head women-led cabinet

09 Dec 2019

HELSINKI Finland's new prime minister - about to become the world's youngest serving premier - will have a finance minister two years her junior in a new women-led coalition cabinet, party officials said on Monday. | Video

Finland's Social Democrats name Marin to be youngest ever prime minister

08 Dec 2019

HELSINKI Finland's transportation minister Sanna Marin was selected by her Social Democratic party on Sunday to become the country's youngest prime minister ever, taking over after the resignation of Antti Rinne.

Finland faces fresh wave of strikes next week

05 Dec 2019

Finland was set for a fresh round of strikes at some of its biggest companies from Monday after state mediators failed to negotiate a deal between industrial sector unions and employer organisations on wages and work conditions.

Nokia names veteran Sari Baldauf as group boss to take on 5G challenge

03 Dec 2019

Telecoms equipment maker Nokia announced on Tuesday that it plans to appoint its former networks chief Sari Baldauf as chairman, succeeding Risto Siilasmaa who will step down after eight years in the job.

Finland's PM resigns after losing trust of coalition partner

03 Dec 2019

HELSINKI Finnish Prime Minister Antti Rinne resigned on Tuesday after a member of the ruling coalition said it had lost confidence in him following a series of disruptive strikes.

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